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Grinnell Mutual is the largest direct reinsurer of farm mutual companies in North America. With its member mutuals, it has over $210 billion of total reinsured value. [citation needed] The company has held an AM Best 'A' (Excellent) rating for financial strength since 1991. [1]
Grinnell (/ ɡ r ɪ ˈ n ɛ l / grin-EL) is a city in Poweshiek County, Iowa, United States.The population was 9,564 at the time of the 2020 census. [3] It is best known for being the home of Grinnell College, as well as being the location of the Merchants' National Bank building, designed by famous architect Louis Sullivan.
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December 12, 1976. Union Depot, also known as the Grinnell Union Depot, is an historic building located in Grinnell, Iowa, United States. The Chicago, Rock Island & Pacific Railroad built the first tracks through the area in 1863, and they built a simple frame depot the same year. The Central Railroad of Iowa extended its north–south line to ...
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The "mutual holding company" structure was first introduced in Iowa in 1995, and has spread since then. [5] There have been concerns that the mutual holding company conversion is disadvantageous for the owners of the company, the policyholders. [6] The major disadvantage of mutual insurance companies is the difficulty of raising capital. [7]
78001257 [ 1] Added to NRHP. December 21, 1978. The Spaulding Manufacturing Company is a complex of historic buildings located in Grinnell, Iowa, United States. Vermont native H.W. Spaulding settled in Grinnell in 1876 to open a blacksmith and wagon repair shop. [ 2] Not long after, he started to manufacture wagons.